Weekly rate

WEEKLY RATE – TABLE IS SET FOR HIGHER RATES

WEEKLY RATE – TABLE IS SET FOR HIGHER RATES

Interest rate pricing had a bad week.

The Mortgage Backed Security (MBS) market closed down heavily 3 of the 5 days, finishing the week closing down – 54 bps.

More importantly, the table is set for potential rapid rate increases.

The Senate passed the budget, opening the door for a Trump tax reform coming. Lower taxes are looked upon favorably by stocks, but the bond and rate markets typically move in a opposite direction. If tax reform causes stocks to continue their rapid incline, rates will be hurt with less interest in bonds.

There is also speculation that Janet Yellen (generally having been favorable for low interest rate pricing) may not be the next FED Chair.

The table is set and the potential is there for rapid rate increases in the future. Lock your rates. Don’t wait on the sidelines hoping rates will drop again.

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .99 points (4.2% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:       3.875% – .7 points (4.01% APR),     4.125% – 0 points (4.17% APR)

15 year fixed:        3.5% –  .86 points (3.67% APR),        3.75% – 0 points (3.79% APR)

5/1 ARM:        3.375% – .99 points (3.57% APR),     3.875% – 0 points (3.92% APR)    

30 year fixed FHA:        3.99% – .99 points (4.9% APR),     4.375% – 0 points (5.07% APR)

15 year fixed FHA:        3.875% – .99 points (4.37% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        3.99% – .8 points (4.15% APR),     4.375% – 0 points (4.41% APR)

30 year Fixed Jumbo:     4.0% – .85 points (4.17% APR),     4.25% – 0 points (4.29% APR)

7/1 ARM Jumbo:        3.375% – .86 points (3.55% APR),     3.625% – 0 points (3.67% APR)

MORTGAGE QUOTE / APPLY FOR HOME LOAN:

For a no obligation mortgage quote, please answer questions on right or go to:

 

 

 

 

 

 

To apply for a refinance or home purchase loan, please call me or go to:

 

 

 

 

 

 

 

Team Green is a top 1% originating mortgage team in the country. Everyone on our team has over 13 years of mortgage lending experience.

My team treats every transaction as an audition to earn your business for the rest of your life.

Have an amazing week and we’re always available if you need help with a purchase loan or refinance.

TEAM GREEN LINE: 480-704-4890

TEAMGREEN@FAIRWAYMC.COM

Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, Fairway Independent Mortgage McCormick Ranch is dedicated to providing all the best mortgage products and customer service to assist you in your home purchase or refinance in Arizona, California, Colorado, Washington, Georgia, Michigan and Virginia. Below are the products and Mortgage Rate Sheets we offer for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  Fairway Independent Mortgage Corporation, Fairway Independent Mortgage McCormick Ranch,  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  October 23rd, 2017 30 year fixed rates, October 24th 2017 30 year fixed rates, October 25th 2017 30 year fixed rates, October 26th 2017 30 year fixed rates, October 27th 2017 30 year fixed rates, October 28th 2017 30 year fixed rates, October 29th 2017 30 year fixed rates, October 30th 2017 30 year fixed rates.

WEEKLY RATE – TABLE IS SET FOR HIGHER RATES

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WEEKLY RATE – FED INTEREST RATE DECISION THIS WEDNESDAY

WEEKLY RATE – FED INTEREST RATE DECISION THIS WEEK

Mortgage interest rates have steadily risen over the past week.

The Mortgage Backed Security (MBS) market closed last week down -26 bps, and closed Monday down – 6 bps. Not a huge move, but interest rates have definitely moved off the 2017 lows they were at 2 weeks ago. Current rate pricing is close to .125% higher than the lows of previous week.

The Federal Reserve Board holds it’s meeting Tuesday 9/19 and Wednesday 9/20 with an interest rate decision on Wednesday. I expect the FED to raise rates, but not until their December meeting. The FED will likely also announce plans to either taper or not taper their balance sheet at a defined time. This will likely also affect rate pricing and the general direction of mortgage rates.

I think it’s safer to lock in rate pricing before the FED statement on Wednesday.

Have an amazing week and we’re always available if you need help with a new home loan purchase or refinance.

teamgreen@fairwaymc.com

Jenn Patel / Senior Loan Officer: 480-818-3769

Reggie Green / Branch Manager: 480-206-5577

For a no obligation mortgage quote, please answer questions at bottom of email or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

To apply for a refinance or home purchase loan, please call me or go to:

WWW.APPLYWITHTEAMGREEN.COM

I am a top 1% mortgage originator in the country with 13 years of experience.

My team treats every transaction as an audition to earn your business for the rest of your life.

Our customers always come first and we will do everything in our power to make sure you have a great product and a great mortgage experience. 

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.875% – .99 points (4.08% APR),       4.125% – 0 points (4.18% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.75% – .76 points (3.92% APR),     3.99% – 0 points (4.03% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  .92 points (3.41% APR),        3.5% – 0 points (3.59% APR),     3.875% – $0 costs (3.875% APR)

5/1 ARM:        3.375% – .95 points (3.53% APR),     3.875% – 0 points (3.92% APR)    

30 year fixed FHA:        3.875% – .87 points (4.74% APR),     4.125% – 0 points (4.82% APR),     4.5% – $0 costs (outside of FHA Fee) (5.2% APR)

15 year fixed FHA:        3.75% – .99 points (4.25% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        3.875% – .68 points (4.01% APR),     4.125% – 0 points (4.17% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     3.875% – .88 points (4.05% APR),     4.125% – 0 points (4.17% APR),        

7/1 ARM Jumbo:        3.25% – .82 points (3.38% APR),     3.5% – 0 points (3.55% APR)

Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, are dedicated to providing all the best mortgage products and customer service to assist you in your home purchase or refinance in Arizona, California, Colorado, Washington, Georgia, Michigan and Virginia. Below are the products and Mortgage Rate Sheets we offer for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  Fairway Independent Mortgage Corporation, Fairway Independent Mortgage McCormick Ranch,  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  September 12th  2017 30 year fixed rates, September 13th 2017 30 year fixed rates, September 19th 2017 30 year fixed rates, September 20th 2017 30 year fixed rates, September 21st 2017 30 year fixed rates, September 22nd 2017 30 year fixed rates, September 23rd 2017 30 year fixed rates, September 24th 2017 30 year fixed rates.

WEEKLY RATE – FED INTEREST RATE DECISION THIS WEDNESDAY

WEEKLY RATE – Interest Rates Remain at 2017 Lows

WEEKLY RATE – Interest Rates Remain at 2017 Lows

Interest rates remain at 2017 lows and at their lowest levels since November of 2016.

The 2 speeches from major financial leaders Janet Yellen and Mario Draghi didn’t touch on any significant change in monetary policy for the FED or the European Central Bank.

Last week, the Mortgage Backed Security (MBS) market closed the week up + 13 bps and also closed Monday up + 6 bps. This is pushing 30 year fixed conventional rates to 3.875% with less than a point. Another great value is a 20 year fixed conventional loan if you are interested in lowering your term some. I can now offer a 3.625% with less than a point, and 3.875% with 0 points.

The United States Non Farm payroll report is released the first Friday of every month. August 2017’s edition will be released on Friday and this report typically affect mortgage interest rates more than any other data for the month.

Have an amazing week and we’re always available if you need help with a new home loan purchase or refinance.

teamgreen@fairwaymc.com

Jenn Patel / Senior Loan Officer: 480-818-3769

Reggie Green / Branch Manager: 480-206-5577

For a no obligation mortgage quote, please answer questions at bottom of email or go to:

 

 

 

 

 

 

 

To apply for a refinance or home purchase loan, please call me or go to:

 

 

 

 

 

 

 

I am a top 1% mortgage originator in the country with 13 years of experience.

My team treats every transaction as an audition to earn your business for the rest of your life.

Our customers always come first and we will do everything in our power to make sure you have a great product and a great mortgage experience. 

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.875% – .92 points (4.06% APR),       4.125% – 0 points (4.16% APR),   4.25% – $0 costs (4.25% APR)

20 year fixed:       3.625% – .97 points (3.82% APR),     3.875% – 0 points (3.99% APR), 4.125% – $0 costs (4.125% APR)

15 year fixed:        3.25% –  .75 points (3.4% APR),        3.5% – 0 points (3.57% APR),     3.75% – $0 costs (3.75% APR)

5/1 ARM:        3.25% – .96 points (3.44% APR),     3.75% – 0 points (3.79% APR)    

30 year fixed FHA:        3.875% – .82 points (4.67% APR),     4.125% – 0 points (4.82% APR),     4.625% – $0 costs (outside of FHA Fee) (5.32% APR)

15 year fixed FHA:        3.625% – .99 points (4.12% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        3.75% – .95 points (3.97% APR),     4.125% – 0 points (4.17% APR),   4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     3.75% – .95 points (3.94% APR),     4.0% – 0 points (4.05% APR),        

7/1 ARM Jumbo:        3.125% – .92 points (3.30% APR),     3.375% – 0 points (3.4% APR)

Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, are dedicated to providing all the best mortgage products and customer service to assist you in your home purchase or refinance in Arizona, California, Colorado, Washington, Georgia, Michigan and Virginia. Below are the products and Mortgage Rate Sheets we offer for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  Fairway Independent Mortgage Corporation, Fairway Independent Mortgage McCormick Ranch,  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  August 28th  2017 30 year fixed rates, August 29th 2017 30 year fixed rates, August 30th 2017 30 year fixed rates, August 31st 2017 30 year fixed rates, September 1st 2017 30 year fixed rates, September 2nd 2017 30 year fixed rates, September 3rd 2017 30 year fixed rates, September 4th 2017 30 year fixed rates.

WEEKLY RATE – Interest Rates Remain at 2017 Lows

WEEKLY RATE – Interest Rates Move Up .125%

WEEKLY RATE – Interest Rates Move Up .125%

I hope everyone had a happy and safe 4th of July!!

After floating around 8 month lows the week before, interest rate pricing took a turn for the worse starting on Tuesday of last week. From Tuesday to Monday July 3rd, interest rate pricing increased every day.  See article below from mortgage news daily:

Worst 5 Days For Rates Since The Election

by: Matthew Graham

Jul 3 2017, 1:42PM

Mortgage rates continue rising at an uncomfortable pace for anyone in the market to buy or refinance.  Today was the 5th straight day of quicker-than-average movement higher and it leaves the average lender at the highest levels in nearly 2 months.  

Whether or not this is as dramatic as it sounds depends on your perspective.  While it’s true that the past 5 days have been the worst since the US presidential election, it’s also true that interest rates are just over an eighth of a point higher during that time.  An eighth of a point (.125%) will cost you about 14 bucks a month on a $200k loan.  Alternatively, it would cost you $1200-$1600 in cash to get the rate back down to levels from 5 days ago on the same loan amount.  

For years, lenders have capitalized on the psychology of “monthly payments.”  $14/mo doesn’t sound like too much when it comes to a $200k home loan.  But consider going out of town for a week and coming back to find your closing costs roughly $1400 higher simply to keep the same quote you had last week.  For most, the $1400 upfront cost is the more effective way to communicate the true change in cost.

Bond markets and mortgage lenders will be closed tomorrow for the Independence Day Holiday.  The safest strategy is to assume the current weakness will continue until we see a definitive bounce.  

The Mortgage Backed Security (MBS) market closed last week down -57 bps and closed Monday down another – 13 bps.  Interest rates moved up about .125%.  4.125% is now the lowest rate we can offer for less than a point.

The June US Non Farm Payroll report comes out on Friday. Most experts I read have bearish technicals in regards to rate improvement, so my suggestion is locking rate pricing.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance. teamgreen@fairwaymc.com ; 480-206-5577.

For a no obligation mortgage quote, please answer questions at bottom of email or go to:

 

 

 

 

 

 

To apply for a refinance or home purchase loan, please call me or go to:

 

 

 

 

 

 

 

 

I am a top 1% mortgage originator in the country with 13 years of experience.

My team treats every transaction as an audition to earn your business for the rest of your life.

Our customers always come first and we will do everything in our power to make sure you have a great product and a great mortgage experience. 

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .66 points (4.25% APR),       4.25% – 0 points (4.28% APR),   4.5% – $0 costs (4.5% APR)

20 year fixed:       3.875% – .98 points (4.07% APR),     4.125% – 0 points (4.17% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.375% –  .99 points (3.57% APR),        3.75% – 0 points (3.79% APR),     4.125% – $0 costs (4.125% APR)

5/1 ARM:        3.5% – .99 points (3.7% APR),     4.0% – 0 points (4.07% APR)    

30 year fixed FHA:        4.0% – .83 points (4.86% APR),     4.25% – 0 points (4.95% APR),     4.625% – $0 costs (outside of FHA Fee) (5.32% APR)

15 year fixed FHA:        3.75% – .95 points (4.24% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        4.0% – .95 points (4.19% APR),     4.25% – 0 points (4.29% APR),     4.5% – $0 costs (4.54% APR)

30 year Fixed Jumbo:     4.125% – .56 points (4.23% APR),     4.25% – 0 points (4.3% APR),        

7/1 ARM Jumbo:        3.375% – .81 points (3.53% APR),     3.625% – 0 points (3.67% APR)

Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, are dedicated to providing all the best mortgage products and customer service to assist you in your home purchase or refinance in Arizona, California, Colorado, Washington, Georgia, Michigan and Virginia. Below are the products and Mortgage Rate Sheets we offer for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  Fairway Independent Mortgage Corporation.  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  July 5th  2017 30 year fixed rates, July 6th 2017 30 year fixed rates, July 7th  2017 30 year fixed rates, July 8th 2017 30 year fixed rates, July 9th 2017 30 year fixed rates, July 10th  2017 30 year fixed rates, July 11th 2017 30 year fixed rates, July 12th 2017 30 year fixed rates.

WEEKLY RATE – Interest Rates Move Up .125%

WEEKLY RATE – Interest Rates Choppy Before FED Interest Rate Decision

WEEKLY RATE – Interest Rates Choppy Before FED Interest Rate Decision

Mortgage rates swung up and down last week on a daily basis but at the end of the week, rates ended very similarly to where they started.

The Mortgage Backed Security (MBS) market traded up + 9 bps last week and is currently trading up + 24 bps this week.

On Thursday, the European Central Bank is issuing their policy statement.  If they issue a large extension to their bond purchasing program, we could see some rate improvement.

Next week on 12/14 the FED will issue their interest rate decision.  Will likely be some volatility before and after decision.

My interest rate outlook remains the same – I expect interest rate pricing to slowly rise.  I do not recommend waiting on the sidelines especially for a refinance.  I had many people do that in October and are now are upset with rate pricing .5% higher.  Rates are moving up and I would lock in if you want to do a loan.   

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .99 points (4.19% APR),       4.25% – 0 points (4.28% APR)

20 year fixed:       3.875% – .92 points (4.06% APR),     4.125% – 0 points (4.16% APR)

15 year fixed:        3.25% –  .99 points (3.44% APR),        3.5% – 0 points (3.53% APR)

10 year fixed:        3.25% – .5 points (3.35% APR),      3.5% – 0 points (3.55% APR)

5/1 ARM:        3.5% – .83 points (3.7% APR),      4.0% – 0 points (4.1% APR)

7/1 ARM:       3.625% – .94 points (3.81% APR),     4.0% – 0 points (4.12% APR)

30 year fixed FHA:        3.75% – 0 points (4.55% APR)

15 year fixed FHA:        3.375% – .86 points (3.84% APR),      3.625% – 0 points (3.92% APR)

30 year fixed VA:        3.75% – .30 points (3.81% APR),     3.875% – 0 points (3.9% APR)

todays-interest-rates-december-5th-2016

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, Colorado, Washington, and Virginia.  Arizona Home Loans, California Home Loans, Colorado Home Loans, Washington Home loans, Virginia Home Loans.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  McCormick Ranch Loan Officer.  Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  December 7th 2016 30 year fixed rates, December 8th 2016 30 year fixed rates, December 9th 2016 30 year fixed rates, December 10th 30 year fixed rates, December 11th 2016 30 year fixed rates, December 12th 2016 30 year fixed rates, December 13th 2016 30 year fixed rates.

WEEKLY RATE – Interest Rates Choppy Before FED Interest Rate Decision

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